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ENTA
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Stock Comparison

ANTX vs INSM vs SPRO vs PRAX vs ENTA

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
ANTX
AN2 Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$130M
5Y Perf.-68.5%
INSM
Insmed Incorporated

Biotechnology

HealthcareNASDAQ • US
Market Cap$21.21B
5Y Perf.+316.4%
SPRO
Spero Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$165M
5Y Perf.-67.2%
PRAX
Praxis Precision Medicines, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$7.70B
5Y Perf.+74.0%
ENTA
Enanta Pharmaceuticals, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$276M
5Y Perf.-83.3%

ANTX vs INSM vs SPRO vs PRAX vs ENTA — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
ANTX logoANTX
INSM logoINSM
SPRO logoSPRO
PRAX logoPRAX
ENTA logoENTA
IndustryBiotechnologyBiotechnologyBiotechnologyBiotechnologyBiotechnology
Market Cap$130M$21.21B$165M$7.70B$276M
Revenue (TTM)$0.00$820M$55M$0.00$69M
Net Income (TTM)$-35M$-1.18B$15M$-327M$-62M
Gross Margin81.6%100.0%98.3%
Operating Margin-137.7%24.7%-87.2%
Forward P/E4.3x
Total Debt$0.00$768M$3M$110K$201M
Cash & Equiv.$20M$510M$40M$357M$32M

ANTX vs INSM vs SPRO vs PRAX vs ENTALong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

ANTX
INSM
SPRO
PRAX
ENTA
StockMar 22Jun 26Return
AN2 Therapeutics, I… (ANTX)10031.5-68.5%
Insmed Incorporated (INSM)100416.4+316.4%
Spero Therapeutics,… (SPRO)10032.8-67.2%
Praxis Precision Me… (PRAX)100174.0+74.0%
Enanta Pharmaceutic… (ENTA)10016.7-83.3%

Price return only. Dividends and distributions are not included.

Quick Verdict: ANTX vs INSM vs SPRO vs PRAX vs ENTA

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: ANTX and SPRO are tied at the top with 2 categories each (5-stock set) — the right choice depends on your priorities. Spero Therapeutics, Inc. is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. PRAX also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
ANTX
AN2 Therapeutics, Inc.
The Income Pick

ANTX carries the broadest edge in this set and is the clearest fit for income & stability and defensive.

  • Dividend streak 0 yrs, beta 0.42
  • Beta 0.42, current ratio 6.87x
  • 189.3% revenue growth vs PRAX's -100.0%
  • Beta 0.42 vs PRAX's 1.55
Best for: income & stability and defensive
INSM
Insmed Incorporated
The Growth Play

INSM is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 66.7%, EPS growth -15.1%, 3Y rev CAGR 35.2%
  • 8.5% 10Y total return vs PRAX's -36.1%
Best for: growth exposure and long-term compounding
SPRO
Spero Therapeutics, Inc.
The Defensive Pick

SPRO is the #2 pick in this set and the best alternative if sleep-well-at-night is your priority.

  • Lower volatility, beta 1.26, Low D/E 4.9%, current ratio 7.59x
  • 27.8% margin vs INSM's -144.4%
  • 25.0% ROA vs INSM's -51.6%, ROIC -0.2% vs -86.5%
Best for: sleep-well-at-night
PRAX
Praxis Precision Medicines, Inc.
The Momentum Pick

PRAX ranks third and is worth considering specifically for momentum.

  • +491.9% vs SPRO's -1.4%
Best for: momentum
ENTA
Enanta Pharmaceuticals, Inc.
The Healthcare Pick

Among these 5 stocks, ENTA doesn't own a clear edge in any measured category.

Best for: healthcare exposure
See the full category breakdown
CategoryWinnerWhy
GrowthANTX logoANTX189.3% revenue growth vs PRAX's -100.0%
Quality / MarginsSPRO logoSPRO27.8% margin vs INSM's -144.4%
Stability / SafetyANTX logoANTXBeta 0.42 vs PRAX's 1.55
DividendsTieNone of these 5 stocks pay a meaningful dividend
Momentum (1Y)PRAX logoPRAX+491.9% vs SPRO's -1.4%
Efficiency (ROA)SPRO logoSPRO25.0% ROA vs INSM's -51.6%, ROIC -0.2% vs -86.5%

ANTX vs INSM vs SPRO vs PRAX vs ENTA — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

ANTXAN2 Therapeutics, Inc.

Segment breakdown not available.

INSMInsmed Incorporated
FY 2025
Reportable Segment
100.0%$606M
SPROSpero Therapeutics, Inc.
FY 2025
Collaboration Revenue Related Party
70.4%$47M
Collaboration Revenue
18.8%$13M
Grant Revenue
10.8%$7M
PRAXPraxis Precision Medicines, Inc.
FY 2024
License
76.8%$9M
Upfront Payment
23.2%$3M
ENTAEnanta Pharmaceuticals, Inc.
FY 2025
Royalty
100.0%$65M

ANTX vs INSM vs SPRO vs PRAX vs ENTA — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLSPROLAGGINGENTA

Income & Cash Flow (Last 12 Months)

SPRO leads this category, winning 4 of 6 comparable metrics.

INSM and PRAX operate at a comparable scale, with $820M and $0 in trailing revenue. SPRO is the more profitable business, keeping 27.8% of every revenue dollar as net income compared to INSM's -144.4%. On growth, INSM holds the edge at +2.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricANTX logoANTXAN2 Therapeutics,…INSM logoINSMInsmed Incorporat…SPRO logoSPROSpero Therapeutic…PRAX logoPRAXPraxis Precision …ENTA logoENTAEnanta Pharmaceut…
RevenueTrailing 12 months$0$820M$55M$0$69M
EBITDAEarnings before interest/tax-$37M-$1.1B$14M-$357M-$55M
Net IncomeAfter-tax profit-$35M-$1.2B$15M-$327M-$62M
Free Cash FlowCash after capex-$31M-$952M$7M-$283M-$10M
Gross MarginGross profit ÷ Revenue+81.6%+100.0%+98.3%
Operating MarginEBIT ÷ Revenue-137.7%+24.7%-87.2%
Net MarginNet income ÷ Revenue-144.4%+27.8%-89.6%
FCF MarginFCF ÷ Revenue-116.1%+13.2%-13.9%
Rev. Growth (YoY)Latest quarter vs prior year+2.3%-95.6%+15.0%
EPS Growth (YoY)Latest quarter vs prior year+17.1%+46.5%+48.0%+2.7%+57.5%
SPRO leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

Evenly matched — ANTX and SPRO and PRAX each lead in 1 of 3 comparable metrics.
MetricANTX logoANTXAN2 Therapeutics,…INSM logoINSMInsmed Incorporat…SPRO logoSPROSpero Therapeutic…PRAX logoPRAXPraxis Precision …ENTA logoENTAEnanta Pharmaceut…
Market CapShares × price$130M$21.2B$165M$7.7B$276M
Enterprise ValueMkt cap + debt − cash$110M$21.5B$128M$7.3B$445M
Trailing P/EPrice ÷ TTM EPS-4.09x-15.27x19.00x-19.77x-3.10x
Forward P/EPrice ÷ next-FY EPS est.4.25x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue34.97x2.77x4.23x
Price / BookPrice ÷ Book value/share2.70x28.29x2.85x6.83x3.92x
Price / FCFMarket cap ÷ FCF
Evenly matched — ANTX and SPRO and PRAX each lead in 1 of 3 comparable metrics.

Profitability & Efficiency

SPRO leads this category, winning 5 of 9 comparable metrics.

SPRO delivers a 35.6% return on equity — every $100 of shareholder capital generates $36 in annual profit, vs $-130 for INSM. PRAX carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to ENTA's 3.11x. On the Piotroski fundamental quality scale (0–9), SPRO scores 5/9 vs ANTX's 1/9, reflecting solid financial health.

MetricANTX logoANTXAN2 Therapeutics,…INSM logoINSMInsmed Incorporat…SPRO logoSPROSpero Therapeutic…PRAX logoPRAXPraxis Precision …ENTA logoENTAEnanta Pharmaceut…
ROE (TTM)Return on equity-52.3%-130.1%+35.6%-43.0%-64.0%
ROA (TTM)Return on assets-47.3%-51.6%+25.0%-40.2%-20.2%
ROICReturn on invested capital-61.1%-86.5%-0.2%-65.0%-23.2%
ROCEReturn on capital employed-56.4%-66.8%-0.0%-49.3%-31.0%
Piotroski ScoreFundamental quality 0–914533
Debt / EquityFinancial leverage1.04x0.05x0.00x3.11x
Net DebtTotal debt minus cash-$20M$258M-$37M-$357M$169M
Cash & Equiv.Liquid assets$20M$510M$40M$357M$32M
Total DebtShort + long-term debt$0$768M$3M$110,000$201M
Interest CoverageEBIT ÷ Interest expense-14.31x-5.15x
SPRO leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

PRAX leads this category, winning 3 of 6 comparable metrics.

A $10,000 investment in INSM five years ago would be worth $32,649 today (with dividends reinvested), compared to $1,816 for SPRO. Over the past 12 months, PRAX leads with a +491.9% total return vs SPRO's -1.4%. The 3-year compound annual growth rate (CAGR) favors PRAX at 164.8% vs ENTA's -22.5% — a key indicator of consistent wealth creation.

MetricANTX logoANTXAN2 Therapeutics,…INSM logoINSMInsmed Incorporat…SPRO logoSPROSpero Therapeutic…PRAX logoPRAXPraxis Precision …ENTA logoENTAEnanta Pharmaceut…
YTD ReturnYear-to-date+327.0%-44.8%+21.3%-6.9%-17.5%
1-Year ReturnPast 12 months+319.5%+1.0%-1.4%+491.9%+60.6%
3-Year ReturnCumulative with dividends-34.4%+401.8%+62.9%+1757.4%-53.4%
5-Year ReturnCumulative with dividends-69.2%+226.5%-81.8%-14.2%-75.0%
10-Year ReturnCumulative with dividends-39.4%+845.4%-75.2%-36.1%-48.3%
CAGR (3Y)Annualised 3-year return-13.1%+71.2%+17.7%+164.8%-22.5%
PRAX leads this category, winning 3 of 6 comparable metrics.

Risk & Volatility

Evenly matched — ANTX and SPRO each lead in 1 of 2 comparable metrics.

ANTX is the less volatile stock with a 0.42 beta — it tends to amplify market swings less than PRAX's 1.55 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SPRO currently trades 88.5% from its 52-week high vs INSM's 46.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricANTX logoANTXAN2 Therapeutics,…INSM logoINSMInsmed Incorporat…SPRO logoSPROSpero Therapeutic…PRAX logoPRAXPraxis Precision …ENTA logoENTAEnanta Pharmaceut…
Beta (5Y)Sensitivity to S&P 5000.42x0.66x1.26x1.55x1.27x
52-Week HighHighest price in past year$6.91$212.75$3.22$366.52$17.15
52-Week LowLowest price in past year$1.00$90.39$1.80$37.19$6.44
% of 52W HighCurrent price vs 52-week peak+68.6%+46.0%+88.5%+72.7%+69.4%
RSI (14)Momentum oscillator 0–10054.536.949.631.935.9
Avg Volume (50D)Average daily shares traded261K3.2M641K396K169K
Evenly matched — ANTX and SPRO each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: ANTX as "Buy", INSM as "Buy", SPRO as "Buy", PRAX as "Buy", ENTA as "Buy". Consensus price targets imply 305.0% upside for ENTA (target: $48) vs 89.9% for ANTX (target: $9).

MetricANTX logoANTXAN2 Therapeutics,…INSM logoINSMInsmed Incorporat…SPRO logoSPROSpero Therapeutic…PRAX logoPRAXPraxis Precision …ENTA logoENTAEnanta Pharmaceut…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuyBuy
Price TargetConsensus 12-month target$9.00$206.50$607.15$48.20
# AnalystsCovering analysts835131619
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises00
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%0.0%0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

SPRO leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PRAX leads in 1 (Total Returns). 2 tied.

Best OverallSpero Therapeutics, Inc. (SPRO)Leads 2 of 6 categories
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ANTX vs INSM vs SPRO vs PRAX vs ENTA: Key Questions Answered

9 questions · data-driven answers · updated daily

01

Is ANTX or INSM or SPRO or PRAX or ENTA a better buy right now?

For growth investors, Insmed Incorporated (INSM) is the stronger pick with 66.

7% revenue growth year-over-year, versus -100. 0% for Praxis Precision Medicines, Inc. (PRAX). Spero Therapeutics, Inc. (SPRO) offers the better valuation at 19. 0x trailing P/E (4. 3x forward), making it the more compelling value choice. Analysts rate AN2 Therapeutics, Inc. (ANTX) a "Buy" — based on 8 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — ANTX or INSM or SPRO or PRAX or ENTA?

Over the past 5 years, Insmed Incorporated (INSM) delivered a total return of +226.

5%, compared to -81. 8% for Spero Therapeutics, Inc. (SPRO). Over 10 years, the gap is even starker: INSM returned +845. 4% versus SPRO's -75. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — ANTX or INSM or SPRO or PRAX or ENTA?

By beta (market sensitivity over 5 years), AN2 Therapeutics, Inc.

(ANTX) is the lower-risk stock at 0. 42β versus Praxis Precision Medicines, Inc. 's 1. 55β — meaning PRAX is approximately 268% more volatile than ANTX relative to the S&P 500. On balance sheet safety, Praxis Precision Medicines, Inc. (PRAX) carries a lower debt/equity ratio of 0% versus 3% for Enanta Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — ANTX or INSM or SPRO or PRAX or ENTA?

By revenue growth (latest reported year), Insmed Incorporated (INSM) is pulling ahead at 66.

7% versus -100. 0% for Praxis Precision Medicines, Inc. (PRAX). On earnings-per-share growth, the picture is similar: Spero Therapeutics, Inc. grew EPS 111. 8% year-over-year, compared to -32. 0% for Praxis Precision Medicines, Inc.. Over a 3-year CAGR, INSM leads at 35. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — ANTX or INSM or SPRO or PRAX or ENTA?

Spero Therapeutics, Inc.

(SPRO) is the more profitable company, earning 14. 4% net margin versus -210. 5% for Insmed Incorporated — meaning it keeps 14. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ANTX leads at 0. 0% versus -194. 0% for INSM. At the gross margin level — before operating expenses — SPRO leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Is ANTX or INSM or SPRO or PRAX or ENTA more undervalued right now?

Analyst consensus price targets imply the most upside for ENTA: 305.

0% to $48. 20.

07

Which pays a better dividend — ANTX or INSM or SPRO or PRAX or ENTA?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

08

Is ANTX or INSM or SPRO or PRAX or ENTA better for a retirement portfolio?

For long-horizon retirement investors, Insmed Incorporated (INSM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

66), +845. 4% 10Y return). Praxis Precision Medicines, Inc. (PRAX) carries a higher beta of 1. 55 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (INSM: +845. 4%, PRAX: -36. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between ANTX and INSM and SPRO and PRAX and ENTA?

Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: ANTX is a small-cap quality compounder stock; INSM is a mid-cap high-growth stock; SPRO is a small-cap high-growth stock; PRAX is a small-cap quality compounder stock; ENTA is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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